new listing:Santa Clara county has -22% YoY in June ; Vegas 22%

[Carlos Ptriawan]

Very interesting data that Santa Clara county inventory has -22% YoY while vegas is up 22%.
Also, data from other websites shows the price is flat/up for SF in Bay Area while the condo is relatively flat with 2021.

Around the bay, it seems Sacramento is showing more inventory.
All these numbers shall be used for those who are investing, and not just caprate,cash-flow,etc. I quickly remember during 2008, it took 2-3 years for the SF market to recover, while Vegas was just able to catch up only until recently.

It seems, that whether the price up or down,it's heavily affected by the stability of the owners and buying power of local economy. Everything is hyper-local.

This brings up the question, who is selling in Vegas, are they vacant homes ?

[Stephen DeThample]

The Californians will continue to come. As a realtor, I welcome them. The majority of the clients I have helped are high income earners that work remotely or are freelancers. They are great for the city and spend money just like everyone else. Welcome one and all 🤗